Morning Comments November 7, 2018
Wednesday, November 7, 2018, 2:11 PM
Submitted by: Landus Cooperative
Corn down 1 to 2 cents
Soybeans down 4 to 5 cents
Grains are quiet this morning with corn down a penny and soybeans steady. Traders are waiting for the USDA report tomorrow. Estimates have corn yield at 180.0 bpa and production at 14.721 billion bushels. Soybean yield estimated at 52.9 bpa, production at 4.7 billion bushels. The report will be out at 11 a.m. Also news yesterday that Argentine farmers are now working on a deal to export more soymeal to China, days after Brazilian farmers announced they were doing the same.
The Midwest looks to be getting some winter weather tomorrow- delaying farmers with crops still left to harvest.